Yantai Dongcheng Biochemicals Co (SZSE:002675) Inventory Turnover : 0.57 (As of Sep. 2024)

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What is Yantai Dongcheng Biochemicals Co Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Yantai Dongcheng Biochemicals Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥391 Mil. Yantai Dongcheng Biochemicals Co's Average Total Inventories for the quarter that ended in Sep. 2024 was ¥684 Mil. Yantai Dongcheng Biochemicals Co's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.57.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Yantai Dongcheng Biochemicals Co's Days Inventory for the three months ended in Sep. 2024 was 159.69.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Yantai Dongcheng Biochemicals Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.92.

Yantai Dongcheng Biochemicals Co Inventory Turnover Historical Data

The historical data trend for Yantai Dongcheng Biochemicals Co's Inventory Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Yantai Dongcheng Biochemicals Co Inventory Turnover Chart

Yantai Dongcheng Biochemicals Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.63

1.88

2.40

2.01

1.82

Yantai Dongcheng Biochemicals Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															0.41	0.35	0.41	0.52	0.57

Yantai Dongcheng Biochemicals Co Inventory Turnover Calculation

Yantai Dongcheng Biochemicals Co's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	1805.958	/ (	(1078.053	+	903.864)	/	2 )
=	1805.958	/	990.9585
=	1.82

Yantai Dongcheng Biochemicals Co's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	391.078	/ (	(733.045	+	635.73)	/	2 )
=	391.078	/	684.3875
=	0.57

Yantai Dongcheng Biochemicals Co (SZSE:002675) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Yantai Dongcheng Biochemicals Co's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	684.3875	/	391.078	*	365 / 4
	=	159.69

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Yantai Dongcheng Biochemicals Co's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	684.3875	/	741.721
	=	0.92

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Yantai Dongcheng Biochemicals Co Inventory Turnover Related Terms

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Yantai Dongcheng Biochemicals Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Yantai Dongcheng Biochemicals Co Ltd (SZSE:002675) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No. 7 ChangBaishan Road, Yan Tai Development Zone, ShanDong, CHN, 264006

Website

http://www.dcb-group.com

Yantai Dongcheng Biochemicals Co Ltd is a biochemical analytical profile index (API) manufacturers in China. In addition, the company also focuses on the development of finished preparation which covers the therapeutic area of cardiovascular, oncology, orthopedics, and anti-infection. Its product offering includes heparin sodium, chondroitin sulfate, marine collagen, hyaluronic acid, glucosamine, heparinoids, and cytochrome C. The company's API products have been exported to more than fifty countries and regions, including the United States of America, Germany, Austria, and Japan.

Executives

Xin Hong Bo	Directors, executives
Luo Zhi Gang	Executives
You Shou Yi	Directors, executives
Lv Chun Xiang	Supervisors
Sun Hong Tao	Supervisors
Yi Qiong	Executives
Yang Zhen Qiu	Executives
Bai Xing Hua	Directors, executives
Song Zhao Long	Supervisors
Wen Lei	Director
Zhu Chun Ping	Executives
Qi Dong Qi	Directors, executives
Liu Xiao Jie	Securities Affairs Representative
Wang En Zheng	Independent director
Shi Tao	Supervisors

Yantai Dongcheng Biochemicals Co Headlines

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